Havells India Expands Tumakuru Cable Capacity to 7.34 Lakh Kms, announces additional ₹255 Crore Investment

Havells India Limited (NSE: HAVELLS; BSE: 517354), a leading Fast Moving Electrical Goods (FMEG) company and major cable manufacturer, today announced a massive expansion of its manufacturing footprint in southern India.

The company detailed both the partial completion of its previous capacity phase and a fresh capital expenditure mandate to substantially scale production at its Tumakuru facility in Karnataka.

Status Update: Partial Completion of Previous Expansion Phase

The corporate announcement serves as a direct continuation of the company's prior strategic filing dated September 3, 2024. In the initial phase, Havells had planned to expand the cable manufacturing capacity at the Vasanthnarasapura Industrial Area in Tumakuru from 3,48,000 Kms per annum to 4,62,600 Kms per annum, against a budgeted investment of ₹450 crore.

As of July 16, 2026, the company achieved the following milestones for that phase:

Capacity Achieved: The facility successfully reached an operational annual manufacturing capacity of 4,59,600 Kms of cables, bringing it within a narrow margin of the original phase target.

Capital Deployed: Havells has invested ₹285 crore in the Tumakuru asset base during this phase so far. The remaining capital allocation will be rolled into its subsequent expansion design.

Next Phase: Aggressive Scale-Up and Funding Structure

Capitalizing on structural domestic demand for wires and industrial cables, the Board of Directors has cleared an immediate next-phase expansion roadmap at the same Tumakuru location:

New Target Capacity: The annual cable manufacturing capacity will scale from the newly established 4,59,600 Kms per annum to an expansive 7,34,640 Kms per annum.

New Capital Outlay: The company has approved an additional investment of approximately ₹255 crores. This financial layout absorbs the pending capital expenditure commitments from the previous phase alongside fresh project allocations.

Target Completion Timeline: Engineering, procurement, and construction lines for this new capacity are projected to go live by December 2027.

Funding Strategy: Maintaining its debt-free expansion model, Havells stated that the entire capital outlay will be entirely funded through internal accruals, leaving the corporate balance sheet unencumbered by external borrowings.

This structural expansion reinforces Havells' regional supply chain flexibility, enabling the manufacturer to serve the infrastructure, real estate, and industrial corridors of Southern India with faster turnaround times.

Shares of Havells India Limited was last trading in BSE at Rs. 1169.85 as compared to the previous close of Rs. 1177.50. The total number of shares traded during the day was 41576 in over 2427 trades.

The stock hit an intraday high of Rs. 1188.20 and intraday low of 1165.00. The net turnover during the day was Rs. 48815747.00.

Source : Equity Bulls

Keywords

HavellsIndia INE176B01034 Expansion CableCapacity